There are many ways you can choose to get out of credit card debt – debt consolidation loans, home equity and second mortgage loans, debt management plans and credit counseling, bankruptcy and debt settlement. This infographic compares the pros and cons of each debt relief method and helps you choose which one may work best for your financial situation. Choosing how to get out of debt should not be a decision you make hastily. However, each day you put it off, the more money you lose to your creditors in the form of interest charges and fees. Use this as a guide to help you get out of debt.
As you can see debt settlement may be the best choice to help you get out of debt. It is not for everyone though. You must be able to save money each month in your settlement fund. Not all creditors will agree to a settlement offer either. But the majority of them will. You can give us a call or chat with us and we can answer any questions you may have. DebtConsolidationUSA.com has helped over 100,000 consumers find debt relief. Let us see if we can help you too.